How To Trade Barnes & Noble $BKS Ahead Of Earnings
Long/Short Equity, Momentum, Contrarian, Special Situations
Contributor Since 2011
I am interested in investments and macro and political economics.
The Story: The Estimize community is somewhat pessimistic about Barnes & Noble (BKS) upcoming Q2 report. Their consensus estimates for revenues and EPS are $1,688 million and $0.16, respectively, compared to the Wall Street's consensus of $1,700 million and $0.17.
How to play it: If you also expect Barnes & Noble to deliver underwhelming Q2 results and think that the stock is likely to drop to $18-$20 by December 20, then you may want to take a look at this Bear Put Spread -19/+21.
To analyze this trade and to find other interesting trading ideas, please go to the Quantcha Options Search Engine.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.